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<br />~. This.?vlortgagc is mitered mto'between A. Rex Blair and. Beverly J_ Blair
<br />~ ~ - -- --- (herein "Mdrtgagor") and:.:'
<br />Five Poi..^.ts Bank ._.
<br />----- (herein "Mortgagee").
<br />Mortgagor is Indebted to i~tertgagee in the :principal sumaf $ ~ +000.00- ,evidenced by Mortgagor's note
<br />dated ~~ U / fi 2 (herein "Note") providing for payments-of principal and interest, with the balance of the`
<br />^ indebtedness, if not soonerpaid, due and payable on_ Jnl~r 19, 1982 _
<br />To secure the payment of the`Note; with interest as provided"therein, the payment of all other sums; with interest,
<br />advanced by Morl.gagee to protect"the security of this Mortgage; and the performance of the covenants and agreements of
<br />-' the ?1ortgagor contained herein, 1l~tortgagor-does hereby mortgrge and convey Lo Mortgagee the following described
<br />property locattd is Hall County, Nebraska:
<br />Lot 7`iro (2) Block Ten- (10), Joehnck's Addition to the City
<br />of Grand Island, Aall County,.. Nebraska
<br />Toaetbecvrith all benidin~,improvements, fixtures, streets,. alleys, passageways, easements, rights, pmilegcs and-
<br />apputtenaneta located thereon orin anywise pertaining thereto, and the rents. issues and profits, reversions and remainders
<br />theneot;induding;:.butnotiimitedto,lteatingand:coolingequipmentandsuchpersonalpropertythatisattachedto.the-
<br />improvemm4 so ac to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the. rem estate secured by the li¢n otthis Mortgage and alt otrhe-foregoing being referred to herein as the
<br />..ProP¢rh'.•
<br />!tfortp~+r turtla¢t eonvenants atld agrtes,: with Mortgagor. ss follows:
<br />1. Payment, To pay the indebtedness and the interest thereon as provided in this Mortgage and CheNote.
<br />2. TiW. Mort~or is tht owner of the Property, has the right and authority to mortgage the Property; and
<br />warrants that the lien created hereby is a first and prior Iien on the Property, excepLas may otherwise be set forth. herein:
<br />#3 The Property is subject too,Mortgage whe,+rin':~__..w.~fve Points :Bank
<br />is the Mortgagee, rernrded at Book ,Page __._.; _ _ oC the'3Nortgage Records of _~ Ha11 County,
<br />Nebraska, which li(ort`agr is a ties prior.to-the: lien created hereby:..
<br />Q Other poor liens or enctrmbrattees: _4
<br />3. Taxes; Asaeesruenta To pay when due all taxes, special assessmentsand alt other charges against the Property
<br />and, upao written deautnd by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may fie sutttcient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />1. Lowrance. To keep the improvements now or hereafter 3ocated on the real estate described herein insured
<br />amt dimagP by free and such other hazards- as Mortgagee may reiquire, in amounts and yvith companies acceptable to the' -
<br />Mortga~ec, and s-itb lose pa`; sble to the Mortgagee. Fn-case of loss'nnder such policies the Morkgagee is authorized to
<br />adjust, cxlitrt. and compror use, in its discretion, aU claim& Ghereundtr at its sole option, authorized to either apply the
<br />t to the restoration of the l4operty or upon the, indebtedness secured hereby,:but payments:hxreunder shat[ con•
<br />time until the sums serue¢d hereiry are paid in full. -.
<br />S_ ^ Escrow For Tana and Inwrance. Notwithstanding anything contained inparagraphs.3 and 4:hereot to the
<br />contrary, Mortgagor shalt pay tb the Mortgagee at the time et paying the monthly irssta3jments ofprincipal andnterest,..
<br />one twelfth oC rite yearly faces, assessments, tucurd insurance premtums, and ground tents. (if any).which niay,attaina
<br />pooriky over Lhis Marigage, all as reasonably estimated from time to time by Lhc hSortgagee; The amounts so paid shall be
<br />txld 6y tltc Mortgagee. without interest and applied to the payment. of [he items in respectto whichsuchamountswere
<br />" ~ deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured. by this
<br />Mprtq~e. Moct;agorshall payte Mortpgee.the amount of any deficiency taetweenihe actual taxes,.assessments,..insurance
<br />- yrlmiuau and ground rents and the deposits hereunder within i fl days" after demand is made upon Mortgagor requesting
<br />paymrnl thereof.
<br />8. Repair, Maiaieoaace and Line. Te prompUy rPpacr, restore. or rebuild any°:buildings orirnprovements now or
<br />la>rratter on tie fYOperty; Lo keep the Property in goad :oaditlon and iepalx,withoutwaste, and teed:fmmmecleanic's or
<br />other taus ro[ expressly subordinated W the lien hereof; nc>t tv make, suffer or permit airy nuisance to exist, nor tod3min-
<br />tsh or imptir the v33ue of tr,e Property by any act or.omissian taact andto comply wth. all_requireruerxts of law with
<br />_ respect fir, t,Ne Property.
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